Vietnam's fruit production increases and exports decrease, and exports to China fall by 25.9% in 2020

Published Feb 25, 2021

Tridge summary

In 2020, Vietnam saw a significant increase in the planted area of fruit trees, reaching 1.1 million hectares, and achieved higher yields and quality in most fruit varieties. However, despite this increase in production, exports did not rise, and the country fell short of its 5 billion U.S. dollars export plan for fruits and vegetables. This shortfall was largely due to a dramatic decrease in exports to China, though there was slight growth in other major markets like the European Union (EU). The EU is emerging as a more vigorous market for Vietnam’s fruit and vegetable products, thanks to the Free Trade Agreement (EVFTA) with the EU, which has led to a 94% tax exemption on 547 tax items. Exports to the EU rose by 6% in the first eight months of the year, and it is projected that exports will increase by 42.7% by 2025, making the EU Vietnam's second largest export market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam News Agency, the representative of the Ministry of Agriculture and Rural Development of Vietnam announced that in 2020, the area of fruit trees planted in Vietnam will increase rapidly, reaching about 1.1 million hectares, an increase of 32,800 hectares compared to 2019. Most of the main fruit tree varieties in all parts of Vietnam show both yield and quality. The trend of improvement. In terms of specific varieties, the output of mango in 2020 will reach 880,000 tons, an increase of 4.9%; the output of dragon fruit will reach 1.36 million tons, an increase of 8.8%; the output of oranges will reach 1.1 million tons, an increase of 8.14%; the output of grapefruit will be 830,000 Tons, an increase of 1.35%. In order to increase the yield of fruit trees and improve the quality of fruit, the Ministry of Agriculture and Rural Development of Vietnam requires all localities to issue relevant policies to support enterprises and cooperatives in selecting and ...

Source: Guojiguoshu